Is forex trading and crypto trading the same

[TomPluz]

They are not the same in the sense that we are dealing with different assets here...forex with top fiat currencies like USD, EUR, JPY, GBP, AUD, CAD, CNY and CHF and usually these are traditional currencies who had been existence for decades and even centuries. With crypto trading we are dealing newer digital assets like BTC, ETH, BNB, SOL, TON and more. Now, what I know is that if one is good and successful in trading forex, he may find trading in crypto to be an easy opening as there can be some big similarities also. A person who is knowledgeable on reading candle sticks and charts in forex may find them applicable also in crypto. As I am planning to enroll in a good forex course, this is something I would find out myself if this is true and if I can also apply what I learned in forex to crypto trading.

[yhiaali3]

There are some similarities between cryptocurrency trading and Forex in general, but of course there is a big difference in the details and particulars, the principles, basics, terminology and tools used in the analysis are almost the same.

But for me, trading in cryptocurrencies is easier, less risky and more profitable, trading in Forex carries very high risks as you can lose all your money while in cryptocurrencies it is less risky except for trading futures and using leverage.

Personally, I prefer spot trading in cryptocurrencies because it remains the easiest and safest option for beginners.

[gunhell16]

I would really want to know if forex trading and crypto trading can be used interchangeably
And if the rules that apply to forex trading also applies to crypto trading

These are the differences between the two of them:

This Forex obviously trades real currencies, while the crypto digital currencies like Bitcoin, Ethereum, and others. Although, as far as I know, in Forex, bitcoin and Ethereum can be traded on their platform. And there is also high leverage in Forex.

In crypto trading, it is somehow decentralized, aside from digital assets and volatility. As long as these two forex and crypto trading can both provide profit to all of us.

[Zed0X]

I would really want to know if forex trading and crypto trading can be used interchangeably

You can use the same indicators but you probably have to switch up your strategy when you're trading crypto and when you're trading forex. The crypto market moves 24/7 or no opening/closing sessions. There's also the fact that it's less regulated and that adds to the risk you have to consider unless you're only playing with BTC or other top altcoins.

[royalRitta]

I would really want to know if forex trading and crypto trading can be used interchangeably

You can use the same indicators but you probably have to switch up your strategy when you're trading crypto and when you're trading forex. The crypto market moves 24/7 or no opening/closing sessions. There's also the fact that it's less regulated and that adds to the risk you have to consider unless you're only playing with BTC or other top altcoins.

Never thought about the Forex and their differences, thanks for the facts on it!
I would choose BTC and ETH + SOL or TON nevertheless to hold than to trade anything, in fact, though I see the charm of it.
Risks are higher, potential spikes, and it makes it worth considering.